scholarly journals Along the Pathway of University Missions

2020 ◽  
pp. 24-50
Author(s):  
Angelo Riviezzo ◽  
Maria Rosaria Napolitano ◽  
Floriana Fusco
Keyword(s):  
Economic Development ◽  
Performance Measures ◽  
Performance Metrics ◽  
Direct Application ◽  
Entrepreneurial University ◽  
Theoretical Frameworks ◽  
Extant Literature ◽  
The University ◽  
The Impact ◽  
State Of Art

Over the last decades, the pressure on the university to facilitate direct application and exploitation of its knowledge and capabilities to contribute to social, cultural, and economic development has steadily increased. As a result, new missions have been recognized to universities, new theoretical frameworks have been developed, and new university models have been proposed, including the “entrepreneurial university”, the “civic university”, the “community-engaged university”, the “transformative university” or the “interconnected university”. Thus, a corresponding advancement of performance metrics and indicators used to assess the impact of university activities is required. Through a bibliometric and then a critical review of the extant literature, this study provides: i) an overall picture of the state-of-art of literature on universities' missions and roles in regional development; ii) a systematisation of the contributions on performance measures and indicators of universities' activities.

Revisiting Functions and Roles of the Entrepreneurial University in Social and Economic Systems in the Regional Context

2020 ◽  
pp. 157-171
Author(s):  
Irina A. Pavlova
Keyword(s):  
Functional Analysis ◽  
Economic Development ◽  
Empirical Data ◽  
Innovation System ◽  
Entrepreneurial University ◽  
Economic Systems ◽  
The Third ◽  
Social And Economic Development ◽  
Draw Conclusion ◽  
The University

Today, institutions are the primary factor shaping national and regional environments. Being a very conservative institution, the university undergoes tremendous transformational changes stepping in the domain of the third university mission. The rise and development of the entrepreneurial university as an institution manifests an ongoing process, the dynamics of which can be confirmed by quantitative and qualitative indicators relevant for social and economic development of the regions and territories. The chapter focuses on the functional institutional approach in assessing an entrepreneurial university as an important institution in the regional socio-economic system, including the innovation system as its part. Basing on empirical data, the functional analysis empowers to draw conclusion on certain characteristics of entrepreneurial universities to overcome the limitations embedded in the national settings.

Universities’ Role as Catalysts for Venture Creation

2013 ◽  
pp. 153-181
Author(s):  
Thomas O’Neal ◽  
Henriette Schoen
Keyword(s):  
Economic Development ◽  
Local Economic Development ◽  
Active Role ◽  
Venture Creation ◽  
University Of Central Florida ◽  
Central Florida ◽  
Development Stages ◽  
The Us ◽  
The University ◽  
The Impact

Universities are being asked to play an increasingly larger role in communities as catalysts for venture creation. Some universities have embraced taking an active role, often filling gaps in the local entrepreneurial environment, to induce venture creation. This chapter discusses the role the University of Central Florida (UCF) in Orlando, USA, has taken when partnering with local economic development entities in academic to practitioner-based activities. Over the last 12 years, UCF’s Office of Research and Commercialization (UCF ORC) has continuously worked on improving the process of getting ideas from the university laboratories and the community out to the market to help the community grow and flourish. UCF and a growing number of other universities are creating a suite of Entrepreneurial Support Entities (ESEs) that provide entrepreneurial help in all of a company’s development stages. This chapter presents the interactions among the ESEs, with UCF serving as an example to demonstrate the impact a university can have on its surroundings and on the community’s development. There are many examples of such interactions across the US at other universities as well.

Anatomy of the entrepreneurial university

2013 ◽  
Vol 52 (3) ◽  
pp. 486-511 ◽  
Author(s):  
Henry Etzkowitz
Keyword(s):  
Economic Development ◽  
Technology Transfer ◽  
Regional Development ◽  
Basic Research ◽  
Entrepreneurial University ◽  
Firm Formation ◽  
Academic Involvement ◽  
Teaching And Research ◽  
Research And Teaching ◽  
The University

This article analyzes the evolution of the entrepreneurial university from a narrow focus on capturing the commercializable results of the ‘meandering stream of basic research’ to a broader interest in firm formation and regional economic development. No longer limited to schools like MIT, specialized for that purpose, entrepreneurial aspirations have spread to the academic mainstream. Academic involvement in (1) technology transfer, (2) firm formation and (3) regional development signifies the transition from a research to an entrepreneurial university as the academic ideal. As universities become entrepreneurial, tension arises between this new role and that of teaching and research as it has between research and teaching. Nevertheless, the university coheres as each of these new missions has fed back into and enhanced previous tasks.

scholarly journals A Question-Based Approach to the Design of a Successful “Finance for Non-Financial Managers” Executive Education Program

2019 ◽  
Vol 8 (5) ◽  
pp. 12
Author(s):  
Mary Margaret Frank ◽  
Mark E. Haskins ◽  
Luann J. Lynch
Keyword(s):  
Financial Management ◽  
Performance Metrics ◽  
Management Decision ◽  
University Of Virginia ◽  
Management Decision Making ◽  
Operating Decisions ◽  
Decision Alternatives ◽  
The University ◽  
The Impact ◽  
Compare And Contrast

Many successful non-financial managers aspire to contribute at the larger table of management decision making. To do so necessitates broadening their skills to include financial acumen. For non-financial managers, learning new financial constructs can be daunting, and knowing when to use which tool is challenging. We describe a three-questions-based approach underlying the design and delivery of our successful one-week “Financial Management for Non-Financial Executives” program at the University of Virginia’s Darden School of Business. We use a three-questions-based approach to facilitate the learning process in each of the following four financial arenas that comprise the overarching, larger financial acumen agenda. Modeling the financial effects associated with typical internal operating decision alternatives Assessing the impact of operating decisions on the financial statements produced for external constituents Assessing the impact of operating decisions on popular financial performance metrics used to compare and contrast companies Recognizing and incorporating the basic tax implications applicable to internal operating decision alternatives For each of these four financial arenas, we outline three key questions tailored for each, using one comprehensive example to illustrate the application of our questions-based approach.

scholarly journals Universities' Role as Catalysts for Venture Creation

Economics ◽  
2015 ◽  
pp. 1311-1339
Author(s):  
Thomas O'Neal ◽  
Henriette Schoen
Keyword(s):  
Economic Development ◽  
Local Economic Development ◽  
Active Role ◽  
Venture Creation ◽  
University Of Central Florida ◽  
Central Florida ◽  
Development Stages ◽  
The Us ◽  
The University ◽  
The Impact

Universities are being asked to play an increasingly larger role in communities as catalysts for venture creation. Some universities have embraced taking an active role, often filling gaps in the local entrepreneurial environment, to induce venture creation. This chapter discusses the role the University of Central Florida (UCF) in Orlando, USA, has taken when partnering with local economic development entities in academic to practitioner-based activities. Over the last 12 years, UCF's Office of Research and Commercialization (UCF ORC) has continuously worked on improving the process of getting ideas from the university laboratories and the community out to the market to help the community grow and flourish. UCF and a growing number of other universities are creating a suite of Entrepreneurial Support Entities (ESEs) that provide entrepreneurial help in all of a company's development stages. This chapter presents the interactions among the ESEs, with UCF serving as an example to demonstrate the impact a university can have on its surroundings and on the community's development. There are many examples of such interactions across the US at other universities as well.

scholarly journals The Entrepreneurial University: How to Develop the Entrepreneurial Orientation of Academia

2020 ◽  
Author(s):  
Rosangela Feola ◽  
Roberto Parente ◽  
Valentina Cucino
Keyword(s):  
Economic Development ◽  
Entrepreneurial Orientation ◽  
Triple Helix ◽  
Entrepreneurial University ◽  
University Education ◽  
Third Mission ◽  
Factors Affecting ◽  
Triple Helix Model ◽  
External Context ◽  
The University

Abstract In the last years, universities have assumed a prominent role in the science and technology-based economic development. The concept of entrepreneurial university, a key concept in the triple helix model developed by Etzkowitz, identifies the evolution of the university role with the addition to the traditional missions of university (education and research) of a third mission that is to contribute to the economic development through the transfer of research results from the laboratory to the economic system. The objective of the research is to analyze how universities are implementing this new mission and investigate factors affecting their entrepreneurial orientation. More specifically, our paper aims to investigate the existence of a relationship among the entrepreneurial orientation of university and some factors representing the internal and external context in which the university is involved.

scholarly journals Work in Progress: Aligning What We Want With What We Seek: Increasing Comprehensive Review in the Graduate Admissions Process

2019 ◽  
Author(s):  
La'Tonia Stiner-Jones ◽  
Wolfgang Windl
Keyword(s):  
Performance Metrics ◽  
Materials Science ◽  
Graduate Programs ◽  
Graduate Degree ◽  
Underrepresented Minority ◽  
Underrepresented Minority Students ◽  
Bridge Program ◽  
The University ◽  
The Impact ◽  
Over Time

To improve the identification of students likely to complete a graduate degree, we sought to change our process and the way we evaluate students for admission. For this, we changed the application and review process to include an assessment of applicants’ non-cognitive variables based on Sedlacek’s work and the Fisk-Vanderbilt MS-PhD Bridge Program admissions model. In 2016, our Materials Science and Engineering (MSE) Department piloted the incorporation of these changes. Consequently, MSE increased the enrollment of women and underrepresented minority students by 19% and 57%, respectively and we will be evaluating the impact of the changes on performance metrics and completion rates over time. Ahead of this application cycle, we have made changes to the applications of more of our graduate programs in the college. Most recently, we were asked to create a plan for the university. As changes continue, we will evaluate outcomes and impact within the college and across the university over time, which we hope will inform best practices for improving completion of graduate degrees and diversity of graduate programs.

Building an Entrepreneurial University in Brazil

2011 ◽  
Vol 25 (5) ◽  
pp. 383-395 ◽  
Author(s):  
Marcelo Amaral ◽  
Andre Ferreira ◽  
Pítias Teodoro
Keyword(s):  
Economic Development ◽  
Triple Helix ◽  
Entrepreneurial University ◽  
Cultural Barriers ◽  
Regional University ◽  
Industry Collaboration ◽  
The University ◽  
The Relationship ◽  
University Industry

This study is part of a broader research project, conducted by the Triple Helix Research Group – Brazil, focusing on university–industry– government linkages in the state of Rio de Janeiro. The case study reported here is that of the Regional University of Volta Redonda: the aim was to develop an understanding of how a regional university can be transformed into an entrepreneurial university, oriented towards assisting regional economic development. A theoretical framework was constructed using existing literature on regional development and the Triple Helix approach. The research objective was to determine the relevance and effects of university–industry collaboration from the perspective of local players. Two surveys were conducted, one with faculty members at the university and the other with representatives of companies located in the region. No cultural barriers to collaboration were revealed on either side of the relationship; and opportunities to improve a relationship that, in the past, has had little influence on economic development in the region were also identified.

An Assessment of Non-Intrusive Probabilistic Methods for Turbomachinery Problems

2010 ◽  
Author(s):  
Sriram Shankaran ◽  
Brian Barr ◽  
Ramakrishna Mallina ◽  
Ravikanth Avancha ◽  
Alex Stein
Keyword(s):  
Monte Carlo ◽  
Performance Measures ◽  
Performance Metrics ◽  
Probabilistic Approach ◽  
Random Variable ◽  
Optimal Choice ◽  
Probabilistic Methods ◽  
Probabilistic Algorithms ◽  
Optimal Basis ◽  
The Impact

The ability to quantify the impact of uncertainty on performance is an important facet of engineering design. Computational Fluid Dynamics (CFD) studies during the design cycle typically utilize estimates of boundary conditions, geometry and model constants, all of which have uncertainty that could lead to variations in the estimated performance of the design. Traditionally, engineering environments have relied on Monte-Carlo (MC) simulations to obtain probabilistic estimates. But MC methods have poor convergence rate leading to prohibitive computational requirements when used in conjunction with medium to high fidelity computational tools. In this study, we will use an alternate probabilistic approach. We assume that the uncertainties in our computational system can be modeled as random variables with known/prescribed distributions, use CFD solvers to estimate the performance measures and then use a psuedo-spectral probabilistic collocation technique to determine regression/interpolation fits. The psuedo-spectral discrete expansion uses the orthogonal polynomials from the Askey-Wiener basis and finds the coefficients of the expansion [1]. We will restrict our attention to problems with one random variable and hence can without ambiguity choose the Gauss quadratures as the optimal choice to obtain statistical data (mean, variance, moments etc.) of the performance measures. The computational frame-work will be first validated against Monte-Carlo simulations to assess convergence of pdfs. It will then be used to assess the variability in compressor blade efficiency and turbine vane loss due to uncertainty in inflow conditions. The results will be used to answer the following questions. Do we need new probabilistic algorithms to quantify the impact of uncertainty? What is the optimal basis for standard performance metrics in turbomachinery? What are the computational and accuracy requirements of this probabilistic approach? Are there alternate (more efficient) techniques? We believe that the answers to the above questions will provide a quantitative basis to assess the usefulness of non-intrusive (and possibly intrusive) probabilistic methods to analyze variability in engineering designs.

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